Namco Bandai Cuts Staff

Namco Bandai Cuts Staff

The entire world is taking an economic beating, and has been doing so for over a decade. Although there are some companies that have been making financial strides during the past couple of years due to big-name titles, not everyone in the industry has been fortunate enough to reap from all the glory. One well-known company has taken a toll in this competitive business; Namco Bandai, according to a report from Edge, has been going through a rough patch which has followed egregious consequences.

During the nine months ending on December 31, 2009, Namco Bandai posted a $129.05 million loss, compared to a $99.5 million profit around the same period in 2008. With this loss, the company has also announced layoffs [“group restart plan”] that basically renders 10 percent of the company (650 staff) losing their jobs. We here at DualShockers definitely hope for rapid recovery for the company, but when we ogle the quality of games that Namco Bandai has been releasing and ignoring for the past couple of years, it’s hard to have such a positive outlook. Too much Dragon Ball games weren’t enough, apparently. I sincerely hope that their newly announced game – First Majin: The Fallen Realm – becomes a huge success, as it does look very intriguing. Sadly, though, not much aside from a trailer has been seen.

Best of luck to the people over at Namco Bandai.